Cooper Investors PTY Ltd. Sells 40,126 Shares of Amazon.com, Inc. $AMZN

Cooper Investors PTY Ltd. lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 61.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,774 shares of the e-commerce giant’s stock after selling 40,126 shares during the period. Amazon.com makes up 1.5% of Cooper Investors PTY Ltd.’s holdings, making the stock its 26th biggest holding. Cooper Investors PTY Ltd.’s holdings in Amazon.com were worth $5,440,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after buying an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock valued at $5,495,000 after acquiring an additional 986 shares during the period. Bank Pictet & Cie Europe AG lifted its position in shares of Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock valued at $442,481,000 after acquiring an additional 54,987 shares during the period. Highview Capital Management LLC DE boosted its stake in Amazon.com by 5.5% during the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after acquiring an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC acquired a new stake in Amazon.com in the fourth quarter worth $2,153,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 1.9%

Amazon.com stock opened at $226.50 on Friday. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60. The firm has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 31.99, a P/E/G ratio of 1.45 and a beta of 1.37. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. The firm has a 50 day simple moving average of $232.10 and a 200 day simple moving average of $226.68.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.38. The firm had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.43 earnings per share. On average, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMZN has been the subject of several recent research reports. DA Davidson boosted their price objective on Amazon.com from $265.00 to $300.00 and gave the company a “buy” rating in a report on Friday, October 31st. DZ Bank reissued a “buy” rating on shares of Amazon.com in a research report on Friday, October 31st. Citigroup restated an “overweight” rating on shares of Amazon.com in a research note on Wednesday, November 26th. Morgan Stanley reaffirmed an “overweight” rating and issued a $315.00 price objective (up from $300.00) on shares of Amazon.com in a research note on Friday, October 31st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Amazon.com from $278.00 to $300.00 and gave the company a “buy” rating in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-five have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $295.50.

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Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the transaction, the chief executive officer directly owned 2,208,310 shares in the company, valued at $479,070,771.40. This trade represents a 0.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 8,173 shares of Amazon.com stock in a transaction on Friday, October 31st. The stock was sold at an average price of $250.03, for a total transaction of $2,043,495.19. Following the completion of the transaction, the director directly owned 80,030 shares in the company, valued at approximately $20,009,900.90. The trade was a 9.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 79,734 shares of company stock worth $18,534,017 in the last 90 days. Corporate insiders own 9.70% of the company’s stock.

About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

See Also

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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